Stocks rise on the eve of Election Day
By DAMIAN J. TROISE AP Business Writer
Stocks rose on the eve of Election Day as Wall Street looked ahead to the benefits of a possibly split government in Washington, though trading is likely to stay bumpy in a week full of events that could shake the market.
The S&P 500 rose 1%, while the Dow Jones Industrial Average gained 1.3% and the Nasdaq composite added 0.9%.
Analysts say many investors seem to be making bets that Republicans will take control of at least one house of Congress.
With a divided government, gridlock is more likely than big, sweeping policy changes that could upend tax and spending plans.